All of our operating capital has come from the founders and outside investors. We did have payroll during the last two months of 2018 (our payroll administrator is handling the payroll tax). Thanks!
Even if your company didn't have any revenue during the year as a C-Corporation, still there are certain income tax and financial statement requirements that you have to fulfill which are listed below:
Income Tax Requirements:
1) A C-Corporation must file a federal income tax return using Form 1120, regardless of whether it had revenue or not.
2)In addition to the federal tax return, you may also need to file a state income tax return.
Financial Statement Requirements:
1)Balance Sheet
2)Income Statement
3)Statement of Cash Flows
4)Footnotes and Disclosures
